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Nov 24, 2021 9:05 PM

GBPJPY short opportunity 

British Pound/Japanese YenSaxo

Description

Trading Plan:
1) CP Sell with Yellow Box plotted shown demand zones cleared.
2) Pending for Fakeout setup.
3) PO at two OB above CMP (Current Market Price).
4) Good RRR. Target 152.5x

Trade active

Closed partially at 50pips and moved SL to BE level. Possible to find liquidity up there (trend line liquidity)

Trading plan on 154.27 OB, pending confirmation for OB being respected, then only get on a ride.

Trade closed: target reached

TP1-2-3 all triggered. Previously set to TP1-2-3 are based on previous low.

Trade closed: target reached

Currently seeing daily OB being respected. Will closely monitor to see if any BOS in higher tf. Anticipating accumulation for now, then when BOS happened, will look for OB again for long opportunity. Target 154.2x; 155.3x

Patience! Patience! Patience!
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